508, Reef Residence
Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Reef Residence
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 467 sqft
- Floor
- 5th of 36
- Parking
- P3-62
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 6,600 /yr
- Last sold
- AED 560K · July 2024
- Building
- Reef Residence
About 508, Reef Residence
508 is a studio of 467 sqft on the 5th floor of Reef Residence, a 36-storey tower in Jumeirah Village Circle (JVC) completed in 2017 by Sama Alkhaleej Real Estate Development Co. It last sold on 11 July 2024 for AED 560,000, or AED 1,198 per sqft, 32% above the AED 911 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 1 January 2026, is AED 56,000 a year: a gross yield of 10.0% on the 2024 price, before the service charge of about AED 6,600 a year.
Sales and rents for 508 over time
508 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Reef Residence, and where 508 sits
All 186 studios →508 last sold in July 2024 at AED 1,198 per sqft, 32% above what studios in Reef Residence were fetching at the time (AED 911). Over the last 12 months studios sold for AED 515,000 to 595,000, around AED 1,040 per sqft, and rent for AED 30,000 to 75,600 a year. 508's AED 56,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 503 sqft | 515,000 | 1,024 | ||
| 9 Jul 20269 July 2026 | 520 sqft | 540,000 | 1,038 | ||
| 23 Jun 202623 June 2026 | 514 sqft | 525,000 | 1,021 | ||
| 14 May 202614 May 2026 | 467 sqft | 540,000 | 1,155 |
Reef Residence
Building378 apartments, studios to 2-bed over 36 floors in Jumeirah Village Circle (JVC), completed in 2017 by Sama Alkhaleej Real Estate Development Co. 22 sold in the last 12 months.
- Typical price per sqft
- AED 1,023 Down 1.7%
- Typical sale
- AED 870K
- Typical rent
- AED 53K /yr
- Typical yield
- 8.3%
Other units on the 5th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 520 sqft | AED 403KAED 402,832 · Dec 2016December 2016 | 34,000 /yr | |
| 502 | Studio | 529 sqft | AED 409KAED 409,156 · Dec 2016December 2016 | 48,000 /yr | |
| 503 | 1-bed | 886 sqft | AED 835KAED 835,000 · Mar 2025March 2025 | ||
| 504 | 2-bed | 1,537 sqft | AED 1.45MAED 1,450,000 · Jun 2026June 2026 | 96,801 /yr | |
| 505 | 1-bed | 925 sqft | AED 695KAED 694,500 · May 2016May 2016 | 72,500 /yr | |
| 506 | Studio | 503 sqft | AED 410KAED 410,134 · May 2015May 2015 | 63,000 /yr | |
| 507 | Studio | 514 sqft | AED 420KAED 419,938 · May 2015May 2015 | 31,000 /yr | |
| 509 | 1-bed | 826 sqft | AED 750KAED 750,000 · Feb 2023February 2023 | 39,000 /yr | |
| 510 | 2-bed | 1,481 sqft | AED 1MAED 1,000,000 · Mar 2022March 2022 | 85,000 /yr | |
| 511 | 1-bed | 798 sqft | AED 615KAED 615,000 · Oct 2023October 2023 | 70,000 /yr | |
| 512 | Studio | 515 sqft | AED 468KAED 467,740 · Aug 2015August 2015 | 33,000 /yr |
508, Reef Residence in numbers
- Sold twice: first on 4 June 2015 for AED 400,000, last on 11 July 2024 for AED 560,000 (AED 1,198 per sqft).
- Rented since May 2018 on 6 Ejari contracts. The rent fell from AED 40,000 to AED 24,000 in 2020 and recovered to AED 56,000 by January 2026.
- At AED 56,000 a year the gross yield on the 2024 price is 10.0%, before a service charge of about AED 6,600 a year (AED 14.20 per sqft).
- Studios in Reef Residence sold for AED 515,000–595,000 in the 12 months to November 2026; the building's median across all types is AED 1,023 per sqft.
Source: Dubai Land Department. Updated 1 January 2026.
Questions about 508, Reef Residence
What did unit 508 last sell for?
AED 560,000 on 11 July 2024: AED 1,198 per sqft for 467 sqft. The unit has 2 registered sales; the first was AED 400,000 in June 2015.
What is the rent for unit 508?
AED 56,000 a year on the contract signed on 1 January 2026. The previous contract, from January 2026, was AED 56,000; the unit has been rented since May 2018.
How big is unit 508?
467 sqft (43.4 sqm): a studio on the 5th floor of a 36-storey tower completed in 2017.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Reef Residence sold for AED 515,000 to 595,000 in the last 12 months, around AED 1,040 per sqft.
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Mortgage on 508, Reef Residence
Starts from the last sale price (AED 560K, 11 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 560,000
- Deposit, UAE resident (20%)
- AED 112,000
- Deposit, non-resident (40%)
- AED 224,000
- Monthly over 25 years at 3.7%
- AED 2,291
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →